It’s not hard to see that it’s a tough market to be investing in right now. The fluctuations are wild, the emotion and reaction to news headlines are far out weighing their financial impacts on the companies. It’s the best of investing times, it’s the worst of investing times. There are always places to make money in the stock market and it since there are just as many wild swings in the large caps as there are in many of the penny stocks, it’s worth taking a look at these smaller cap stocks in order to profit to higher degree from the price swings that affect all stocks in the market.

There are two penny stocks that I’ll mention today that still require as much due diligence as any other investment. Take some time and review their information and see if they are a buy, hold or sell. Fortunately, in this volatile stock market, holding on to cash is a good thing and is really paying you to be patient.

Lions Gate Metals Inc. (LGM.V) – $0.92
Lions Gate Metals exists to create wealth for shareholders by taking full advantage of the strong global demand for metals. Lions Gate Metals owns substantial copper and molybdenum projects located in British Columbia – a stable, well-developed jurisdiction. The management team understands the complex dynamics of the mining industry and has created a highly attractive corporate structure to maximize success.

Galway Resources Ltd. (GWY.V) – $0.90
Galway Resources is a well capitalized company, primarily focused on the exploration of gold and coal in Colombia. The company holds a significant land package in California’s Colombia Gold Trend. The properties are located less than 1 kilometer south-west of Ventana’s La Bodega project, and 3 kilometers from Greystar’s Angostura project, and are along strike. Prodeco (Colombian subsidiary of Xstrata) signed an agreement with Galway, whereby they will fund the all drilling at the GALCA coal project. Drilling is currently taking place. Galway has engaged John Tumazos of Very Independent Opinion to commercialize the Victorio molybdenum-tungsten project located in south-western New Mexico, USA.

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